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Initial Restaurant up front investment

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  • 26-08-2011 9:58pm
    #1
    marley123
    Registered Users Posts: 1,010 ✭✭✭


    My partner went to look @ a restaurant today.. great location, turn-key property.. Rent very affordable HOWEVER they are looking for €45k upfront which makes the chance of being able to afford the venture highly unlikely.. Has anyone here been in a similar position??? Have a restaurant consultant I can call on Monday but hoping someone here can offer some advice before that to give us a glimar of hope!


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    #2
    bigneacy
    Registered Users Posts: 1,222 ✭✭✭bigneacy


    marley123 wrote: »
    My partner went to look @ a restaurant today.. great location, turn-key property.. Rent very affordable HOWEVER they are looking for €45k upfront which makes the chance of being able to afford the venture highly unlikely.. Has anyone here been in a similar position??? Have a restaurant consultant I can call on Monday but hoping someone here can offer some advice before that to give us a glimar of hope!

    Who is looking for the €45k? The landlord?

    Are you buying a business or a leasehold here or is €45,000 some sort of ridiculous deposit?


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    #3
    marley123
    Registered Users Posts: 1,010 ✭✭✭marley123


    deposit!!! €45k upfront !! No way its anyway affordable, building owner just wants to get the place let! Has turned down all offers that have made by interested parties prior to my partner looking @ the premises.


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    #4
    smcgiff
    Closed Accounts Posts: 5,943 ✭✭✭smcgiff


    Double post


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    #5
    smcgiff
    Closed Accounts Posts: 5,943 ✭✭✭smcgiff


    To give any idea of the scale of the deposit...

    What is the monthly rent?

    What - roughly - is the value of the equipment, fittings on the premises?

    How long is the lease?

    Have you restaurant management experience in the past?

    How long, if you know, was the premises vacant before you came along.

    What's the general location of the premises?

    Other points - he has had plenty of interest, and MAY have had a bad experience in the past.


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    #6
    YellowSheep
    Registered Users Posts: 384 ✭✭YellowSheep


    Hi Marley

    Give me a PM if you need details.

    Regards Oliver


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